India Biscuit Market Expected to Grow at a CAGR of over 11% during 2017E – 2022F
Increasing population, changing
lifestyle & consumers’ preference, and growing disposable income are expected
to drive India biscuit market through 2022
According to TechSci Research
report, “India Biscuit Market By Product Type, By Sales Channel, Competition Forecast &
Opportunities, 2012 – 2022”, biscuit market in India is projected to exhibit a CAGR of over 11%
during 2017-2022, on account of rising
demand for convenience foods due to busy lifestyles, augmenting
number of health conscious consumers and growth in the number of double income
households. Moreover, increasing awareness among consumers, widening of distribution channels coupled with high
visibility and accessibility of biscuits in retail outlets are further forecast
to drive the market in the coming years. According to the World Bank, in 2015 India’s
urban population percentage stood at 32.74 and personal disposable income at $
2.30 million. Consequently, demand for low/light, sugar free biscuits and
cookies are predicted to fuel the market in the coming years due to surge in
income levels of urban class population.
Browse 2 market data Tables and 38 Figures
spread through 92 Pages and an in-depth TOC on "India Biscuit Market"
https://www.techsciresearch.com/report/india-biscuit-market-by-product-type-plain-biscuit-cookie-sandwich-biscuit-center-filled-biscuit-others-by-sales-channel-supermarket-hypermarket-convenience-store-others-competition-forecast-opportunities/1099.html
In 2016, plain biscuit held the largest share in India biscuit market,
however the product type is anticipated to observe decline in its share by 2022
owing to elevating demand for cookies in medium and premium segment. The second largest share was captured by cookie in
the indicated year, which is predicted to witness rise in its share by 2022. Large
population base which majorly comprises rural population creates huge demand
for affordable biscuit, thereby making economical biscuit segment lead India
biscuit market through 2022. In terms of regions, north region dominated the
market in 2016, on the back of large population base and high disposable income.
Some of the leading players operating in India
biscuit market include Parle Products Pvt. Ltd., Britannia
Industries, ITC Limited, Mondelez India Foods Private Limited, Surya Food & Agro Ltd.,
etc.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1099
Customers can
also request for 10% free customization on this report.
“Changing dietary habits, variation in biscuit
products, healthy product development and wider
media coverage which plays a significant role in altering consumers’ buying
decision are expected to fuel biscuit market in India in the coming years.
Besides that, greater accessibility and availability of these products at supermarket
or hypermarkets, busy lifestyles and advancement
from economical, to medium and to premium biscuits range
are few of the major factors responsible to steer the growth
of biscuit market in India through 2022.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India
Biscuit Market By Product Type, By Sales Channel, Competition Forecast &
Opportunities, 2012 – 2022” has evaluated the future
growth potential of India biscuit market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes the emerging trends along
with essential drivers, challenges and opportunities present in India biscuit market.
About TechSci Research
TechSci Research is a leading global market
research firm publishing premium market research reports. Serving 700 global clients
with more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
in research based consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime Analysts
and Consultants employing innovative research solutions and tracking global and
country specific high growth markets helps TechSci clients to lead rather than
follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]